The company’s new 65,000 sq ft facility in Rotherham will allow it to scale-up production and meet growing international demand for its technology.

The privately-funded move represents a multimillion-pound commitment and is set to create 30 highly skilled jobs for engineers.

The new site at Magna 34 Business Park, close to the M1, is spread across two buildings.

Managing director Andrew Gilligan said: “We are delighted to be opening our new factory in South Yorkshire and proud to be investing in the future of high-tech design and manufacturing in the UK.

“Fears over a climate emergency are driving change across the global transport industry and Magtec is absolutely at the forefront of the technology needed to make it happen.

“Our new factory gives us the space to grow, increase production volumes and fulfil our potential in this exciting sector.”

Business secretary Kwasi Kwarteng said: “I’m excited that this new factory is opening up in Rotherham, creating highly-skilled jobs in the local community as part of the growing electric vehicle market.

“This is a perfect example of how our transition away from petrol and diesel cars to electric vehicles can create jobs and attract investment, all while cutting emissions so we can end our contribution to climate change.”

Magtec, founded by chief technical officer Marcus Jenkins, manufactures electric and hybrid drive systems for buses, commercial vehicles, special vehicles and trains.

The company employs 125 people including six apprentices and currently operates from two sites in Sheffield and Rotherham.